Metro Mining Ltd

Metro Mining to make new board appointment in March

Metro produced 743,000 tonnes of bauxite in the December quarter from its Bauxite Hills Mine.

empty board room seats
A new appointment is expected to be made in March 2019

Metro Mining Ltd (ASX:MMI) has commenced a search to replace outgoing non-executive director Lindsay Ward.

Ward has been on the board since 2011 and has seen the company transition from coal explorer to bauxite miner; who in its first year of operation exported 2.0 million tonnes of bauxite product as planned.

His resignation is due to his recent appointment to the board of another listed public company.

READ: Metro Mining shares rise on bauxite quarterly result

Metro’s chairman Stephen Everett said: “Metro’s board, management and I personally wish to thank Lindsay for his support, hard work and tireless efforts during our journey to becoming a bauxite mining company.

“Transitioning from explorer to developer to producer is never easy however having strong leadership at Board level significantly assists with that effort.

“We will miss Lindsay and his contribution to the board and the committees on which he has served.”

Ward also said: “It has been a great privilege to be part of the Metro team which, over the past 7 years, has led Metro’s journey from coal explorer to successful bauxite producer.

“Due to other board commitments I have decided to leave the Metro board however I have every confidence that Metro will continue to deliver on its commitments to shareholders, stakeholders and customers in 2019 and beyond.”

Quick facts: Metro Mining Ltd

Price: $0.11

Market: ASX
Market Cap: $152.34 m

2 min read